Gold Rallies On Bullish News.........
There is plenty of demand for physical Gold world-wide. (supply & demand)
Reports out of Lebanon confirming Lebanese Cabinet Minister and Christian Leader
Pierre Geymayel was killed in a Beirut suburb. He was known for being anti-Syrian and with the current tension between the Lebanese Cabinet and Hezbollah (who is currently seeking Cabinet decision-making power) this certainly deems watching..
Also with a weak U.S. Dollar and a huge up day in the Crude oil the Gold rode the Bullish wave.
Another wide range today...7.70 ..before closing $6.60 HIGHER on the day.....
HIGH...........629.00
LOW.............621.30
CLOSE.........628.70
The following are my guideline numbers for Wednesday 11/22 for December Gold........
resistance # 2....................633.50
resistance # 1....................630.50
pivot .......................626.00
support # 1........................623.00
support # 2........................618.50
resistance = possible point to sell
support = possible point to buy
pivot = possible point to determine direction
TO OPEN AN ACCOUNT, FREE CONSULTATION, OR TO DISCUSS RATES
CALL..... 888-282-2770
TRADE SMART
0 Comments:
Post a Comment
<< Home